That is a little misleading, just like mortgage loan, those printed money are all borrowed from future, if they don’t have future income to pay back the loan, then the borrower will have to default. But it does not matter since the bankruptcy law protect the borrower, so it is always risk-free for banks and enterprises to borrow, but when inflation is too high, they have to stop
Don’t forget the unemployment benefits. 600 a week on top of normal ue benefits for a long damn time. If you actually want the world to get better it honestly starts with as little as the accuracy of one meme. At least try to get it right. folks would take btc more serious if lies weren’t needed to further the narrative. If it’s all it’s cracked up to be lies won’t be necessary for adoption. Thanks for reading
But they can, and do do this with all crypto. Ever hear of “not your keys not your coins?” Yeah, that’s because exchanges and traders trade IOUs and futures all the time. Bitcoin has finite actual supply but infinite derivative supply… sort of just like fiat, gme shares, MBSs, you name it. If exchanges and traders weren’t “allowed” to do this (i.e., regulation), then it’s a no brainer – btc price is sure to increase over time with a pretty linear moving average. But as you can see, it’s not the case and you have to ask yourself why.
Brah wot… the way you spoke… just have to assume you know less about fiat than crypto… and well in turn, know even lesss about crypto as an automatic result of knowing about neither. ????
I followed this guy in insta for some time. He has also written a book of I remember correctly. Perhaps it was liberty defined, but that might be Ron Paul’s
Or maybe blame the gluttons that comprise our country who want to take without working. I’d Biden didn’t do what he did there goes Re-election and what did people do with it?
Bitcoin is worthless without fiat because one can’t exist without the other.
If we all opt out of fiat then bitcoin is even worse because it’s effectively controlled by a few “whales” who are unknown and cannot be held to any scrutiny unlike the current masters of fiat.
Systems working perfectly for the people that are in position to effect it.
Fook Banksters
Wish my printer works like that
Doesn’t most of the debt pay off existing debt? Is the majority of the debt corporate debt?
That is a little misleading, just like mortgage loan, those printed money are all borrowed from future, if they don’t have future income to pay back the loan, then the borrower will have to default. But it does not matter since the bankruptcy law protect the borrower, so it is always risk-free for banks and enterprises to borrow, but when inflation is too high, they have to stop
Who’s getting all those Tethers?
Can’t print more than 21 million BTC!
Can’t print commodities
With liberty and justice for all? ????
Who’s selling them the printer’s ink????
They can do this with bitcoin by printing paper bitcoin if you don’t self custody
Don’t forget the unemployment benefits. 600 a week on top of normal ue benefits for a long damn time. If you actually want the world to get better it honestly starts with as little as the accuracy of one meme. At least try to get it right. folks would take btc more serious if lies weren’t needed to further the narrative. If it’s all it’s cracked up to be lies won’t be necessary for adoption. Thanks for reading
The number is closer to 21 trillion actually in 2.5 years
Shyt bout to get ugly for us. This power wave is disturbing and inhumane
You are their friends
lol what do you think they bought with all that money? fucking butcoin
Once Bitcoin mines it’s last coin, how are you going to get any more?
But they can, and do do this with all crypto. Ever hear of “not your keys not your coins?” Yeah, that’s because exchanges and traders trade IOUs and futures all the time. Bitcoin has finite actual supply but infinite derivative supply… sort of just like fiat, gme shares, MBSs, you name it. If exchanges and traders weren’t “allowed” to do this (i.e., regulation), then it’s a no brainer – btc price is sure to increase over time with a pretty linear moving average. But as you can see, it’s not the case and you have to ask yourself why.
Seen like that, it is soo crazy!!
It’s called The Great Reset
They can’t do this with bitcoin but can do something else instead. Have you seen Mr. Robot?
So, taxation WITHOUT representation… hmmmm, I seem to recall a great deal of tea being tossed in a harbor over something similar.
Brah wot… the way you spoke… just have to assume you know less about fiat than crypto… and well in turn, know even lesss about crypto as an automatic result of knowing about neither. ????
I followed this guy in insta for some time. He has also written a book of I remember correctly. Perhaps it was liberty defined, but that might be Ron Paul’s
I didn’t get $1400
I posted this on Facebook and got fact checked instantly. I guess we’re all dumb. ????
OF course they can still do it with Bitcoin. they can give you 14000 sats and give their friends multiple of that sats.
The sats they will collect from you income tax and sales tax if in a Bitcoin economy.
The only problem is every one can see the ledger and your sats moving in to bail out a few people who made bad bets.
I wish my printer was that good.
Man, those PPP Loans were a once in a lifetime grift, I mean gift.
I wish I had known that I could just take out like 5M and not have to pay it back.
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/S
Isn’t this literally what happened with FTX?
I wish my printer was that good.
What was the actual difference?
Seems like a joke but that’s is basically what happened and people still don’t wake up !
Or maybe blame the gluttons that comprise our country who want to take without working. I’d Biden didn’t do what he did there goes Re-election and what did people do with it?
That 1400 most fools spent on something like Amazon which put the money right back into the rich
So why BTC go down?
That is why they are in no hurry to get rid of fiat money.
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Didn’t even give me $1400 yet 🙁
Bitcoin is worthless without fiat because one can’t exist without the other.
If we all opt out of fiat then bitcoin is even worse because it’s effectively controlled by a few “whales” who are unknown and cannot be held to any scrutiny unlike the current masters of fiat.
Systems working perfectly for the people that are in position to effect it.
actually, they gave us $3,200 via 3 separate payments